The S&P BSE Sensex soared to an unprecedented high of 80,074.30, marking its first-ever breach of the 80,000 level, while the Nifty50 also set a new record at 24,307.25. The surge was driven by strong gains in HDFC Bank shares, reflecting robust investor confidence bolstered by India’s resilient GDP growth and positive global market trends.
Master Capital Services Senior Vice President Arvinder Singh Nanda commented on this historic achievement, noting that the 30-share Sensex reaching the 80,000 mark signifies a new all-time high.
“This milestone comes after the index added the last 10,000 points in under seven months, having first hit 70,000 on December 11, 2023,” mentioned Nanda.
Nanda elaborated on the factors contributing to the robust market rally. “Bharat’s GDP growth, credit expansion, and policy continuity have instilled confidence among investors,” he explained. “In addition to this, positive cues from global markets have helped the Sensex reach these levels.”
Bharat’s GDP growth has been one of the key drivers behind the market’s strong performance. The country’s economy has shown resilience and steady growth, which has strengthened investor sentiment.
